Business Trade

India Defines Proof of Origin Rules to Ease Trade

By BPN News Desk April 21, 2025

In a significant move aimed at enhancing trade facilitation and ensuring smoother compliance processes, the Indian government has introduced a detailed framework for determining the ‘proof of origin’ of imported goods under its free trade agreements (FTAs). The step is expected to cut delays at customs and reduce disputes related to tariff concessions, thereby

Business Industry

Tata’s Assam Semiconductor Plant to Roll Out India’s First Indigenous Chip by 2025

By BPN News Desk April 20, 2025

India is on the brink of a major technological breakthrough with the announcement that its first-ever indigenous semiconductor chip will roll out by the end of 2025. This landmark development will take place at Tata Electronics’ upcoming semiconductor assembly and test facility in Jagiroad, Assam. With an estimated investment of ₹27,000 crore, the project is […]

Business Finance

CBIC Launches Crackdown on Suspicious GST Registrations, Strengthens Indirect Tax Enforcement

By BPN News Desk April 19, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has launched a nationwide crackdown on suspicious GST registrations and non-compliant taxpayers in a renewed push to curb tax evasion and improve the integrity of India’s indirect tax system. The move comes amid rising concerns over the misuse of fake invoices and fraudulent input tax credit […]

Business Finance

Centre Clarifies: No GST on UPI Payments, Digital Transactions Remain Tax-Free

By BPN News Desk April 19, 2025

The Central government has officially clarified that there is no Goods and Services Tax (GST) levied on Unified Payments Interface (UPI) transactions or any other form of digital payments. This statement comes in response to widespread confusion and social media rumors claiming that UPI payments could soon attract indirect taxes. The clarification was issued by […]

Business Industry

PM Modi Calls Elon Musk, Reaffirms Push for U.S.-India Tech Ties

By BPN News Desk April 18, 2025

Prime Minister Narendra Modi held a telephonic conversation with billionaire entrepreneur Elon Musk, reaffirming India’s commitment to deepening partnerships with the United States in cutting-edge sectors such as electric vehicles, renewable energy, and space technology. The call comes at a time when India is actively courting major tech investors as part of its broader

Business Finance

India Allows Bad Loan Securitisation to Deepen Junk Debt Market

By BPN News Desk April 17, 2025

In a bold regulatory shift, India has introduced a framework allowing the securitisation of bad loans, aiming to deepen its junk debt market and attract new investor participation. This move marks a significant development in the country’s ongoing strategy to manage its massive pool of non-performing assets (NPAs) while revitalizing debt markets. What the New […]

Business Industry

India’s Cotton Panel Recommends Removing 11% Import Duty

By BPN News Desk April 17, 2025

India’s cotton advisory panel has recommended scrapping the 11% import duty on cotton in a move aimed at boosting the global competitiveness of Indian textile mills and supporting the import of Extra-Long Staple (ELS) cotton essential for high-quality fabric production. Background: Industry Burdened by Duty The 11% import levy, introduced in February 2021 to support […]

Business Trade

India Emphasizes Comprehensive Trade Data in U.S. Negotiations

By BPN News Desk April 16, 2025

India is pushing for a more comprehensive and accurate portrayal of its trade relationship with the United States by urging that both goods and services trade be considered in bilateral negotiations. Government officials have expressed concern that current discussions overly emphasize the goods trade deficit, while ignoring the significant U.S. surplus in services exports

Business Trade

India Monitors Potential Surge in Imports Amid Global Trade Tensions

By BPN News Desk April 16, 2025

In response to escalating global trade disruptions and the imposition of high tariffs by major economies, India has constituted an inter-ministerial monitoring group to track potential surges in imports. The decision stems from concerns that countries impacted by rising U.S. tariffs, particularly China, may redirect their goods to India. The new monitoring cell includes

Business Industry

Shein-Reliance Sourcing Deal Faces Setback Amid US-China Trade Tensions

By BPN News Desk April 15, 2025

The ambitious partnership between Chinese fast-fashion giant Shein and Reliance Retail to establish India as a major global sourcing hub is facing serious headwinds due to rising trade tensions between the United States and China. The deal, which was expected to integrate thousands of Indian micro, small, and medium enterprises (MSMEs) into Shein’s global supply […]